Question: Review the results from Exercises E23 19 and E23 20

Review the results from Exercises E23- 19 and E23- 20. Record the journal entries to record direct materials, direct labor, variable overhead, and fixed overhead, ­assuming all expenditures were on account and there were no beginning or ending balances in the inventory accounts ( all materials purchased were used in production and all goods produced were sold). Record the journal entries to record the transfer to Finished Goods Inventory and Cost of Goods Sold. Adjust the Manufacturing Overhead account.